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the federal reserve says it has to keep buying bonds because the economy is still not strong enough to generate enough jobs without interest rates staying lower than they might otherwise be. the stock market's retreat where the dow gave up 62 points. the s&p dropped 4.9%, and the nasdaq declined .55% and can clearly be laid right at the fed's feet. that's because until the fed released the downbeat statement crafted after the monthly meeting the average is pretty much even keel and after a moment's hesitation the buyers and sellers were in equilibrium. the sellers -- >> sell, sell, sell. >> overwhelm the market and stocks began to plummet. detailing and explaining a pattern of stock buying and selling that while totally counterintuitive has become the modus operandi of the days surrounding these fed meetings, and i want to game it with me. first, the stock market acts pretty sanguine in the days leading up to the fed meeting largely because we know the economy is too weak to stand up by itself. we know the fed has to continue buying bonds to keep interest rates low, and they told us
they want us to do all we can to protect the economy and support american jobs, not threaten them. this week i introduced h.r. 33 this yvette rans work veteransty -- 3327 the work opportunity act that aim to get more veterans and unemployed americans back to work by offering tax credits to businesses who will here them. ms. kelly: next week i'll be meeting with small business owners and manufacturers as part of my second congressional district economic development tour. here we'll discuss what congress can do to support our communities and grow american jobs. the family businesses i represent in kankakee and the manufacturers i represent in chicago both say the same thing. business as usual in washington doesn't help business back home. i couldn't agree more. i urge my colleagues to co-sponsor h.r. 3327 and h.r. 3328 and work civilly to get our economy back on track. thank you. the speaker pro tempore: the gentlelady's time has expired. for what purpose does the gentleman from oklahoma seek recognition? >> i ask unanimous consent to speak for one minute and revise and extend my remarks. the
that, currently standing at $17.1 trillion which is over 100% of the size of our economy. during that same 2006 debt limit debate, then-senator biden said -- quote -- "my vote against the debt limit increase cannot change the fact that we have incurred this debt already and will no doubt incur more. it is a statement that i refuse to be associated with the policies that brought us to this point"-- unquote. that was then-senator biden. mr. president, things have certainly changed since 2006. now president obama and vice president joe biden preside over an administration that tells us that raising the debt limit is merely a matter of paying our bills and is a a reflection of decisions made in congress. yet while it is ostensibly true congress has the power to raise the debt limit, it is not true that congress makes spending decisions. unilaterally. with no role being played by the executive branch. no amount of spending can be enacted without the president signing it into law. in addition, the president submits a budget every year. the white house also issues policy statements and
government. budgets are moral documents that reflect our priorities as a nation. for the sake of our economy, this congress must turn back from the current brinksmanship and obstruction and return to the practice of negotiation and compromise. the proposed budget and across-the-board spending cuts to domestic programs are continuing to splam families, children, -- slam families, children, seniors and impact to texas that include $9 billion to cuts in snap benefits over 10 years. almost $32 billion in cuts for texas seniors and the loss of over 5,000 jobs for our texas educators. we should focus on improving our education, strengthening old infrastructure, investing in advanced domestic manufacturing and paving the way for the future. let's show the american people that compromise and negotiation are not a thing of the past and washington can work together on their behalf. as elected leaders, we owe it to the american people to do the jobs we were sent here to do. i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from indiana seek rec
in massachusetts and the national economy, the incredible growth of clean energy, energy efficiency and the jobs that come with these industries. according to the massachusetts clean energy center, our state alone has gained 20,000 jobs in these sectors since 2010, with another 10,000 new jobs expected in the next year alone. massachusetts has become the nation's most energy-efficient state. boston is ranked as the nation's most energy-efficient city. our shores will host the first offshore wind farm with a new construction terminal built in new bedford, allowing our fishermen to work alongside our wind energy workers. massachusetts is number seven in the nation in deploying solar energy, even though we're more well known for the perfect storm than perfectly sunny days. these advances, these jobs, these technologies have flourished in massachusetts because we have set the right policies and encouraged our companies to lead. massachusetts governor deval patrick set high goals for clean energy in our state and we have already surpassed them. boston mayor tom men even owe wanted -- menino wanted bo
forhat a kemp chair political economy at the library of congress. mort is going to come introduce a video that we would like you to watch as you eat your salad. dedicating somort much time and effort to the kemp foundation and the legacy project. ladies and gentlemen, morten contracted -- kondracki. i am here to invite you to kemp this video on the legacy project. it consisted of an oral history project that included more than 100 interviews with people who played with jack, played football with jack, and worked with him in congress at hud and other venues. of research i did at the library of congress, which will culminate in a clinical biography that fred barnes and i are writing, in which we have based onson to think, visits with publishers, will result in the book that will be published sometime in 2015. we hope that this will not simply be a biography but will the and encourage and to the american political system of both parties, but a specially the republican party, to readopt the kemp spirit, which was always positive, optimistic, growth-oriented, passionate, and inclusive, idea- d
on this obamacare has very little to do with the ,verall economy versus the wars the insane trade policies or insane tax policies. all of this is a smokescreen. it is almost like weapons of mass destruction. if you're going to say here and the 15,000 when you have 20,000 on unemployment. 100 million people are living in poverty -- this is all this is. this is just politics to of peoples issue being critical of the president? we are at the point of this country where the whole thing is completely collapsed. after they at obama, had three years of borscht, the system needed the opposite. you people in the media created barack obama. and said of him coming in addressing the policies -- instead of him coming in addressing the policies, now you can talk about obamacare. i grew up in detroit. -- i wrotegreat book it. belt."g back the rust host: i think we got your point. scott, texas, republican caller. caller: obama told us the fundamental change that he was going to bring to this country -- what he was talking about was socialism. he was not remotely all five for this job. none of his background qualifi
% of gdp in the future. this is because come as the economy starts to recover, interest rates will go up. paying the interest on that debt -- that is the concern us budgeteers have. it is good and it is positive, but it is the long-term risk that we are facing with the accumulation of debt. host: i wait to focus on paul ryan for a second. he was part of the simpson- bowles commission. he voted against it. was not part of that 2011 supercommittee effort. how do you think democrats see him as they are entering these negotiations? today prefer him versus john boehner to work with? in fairness, i have to point out that the chairman was a fellow staffer with me in the united states senate when he worked for the senator and wisconsin. we work together on the senate budget committee. i think that yes, chairman ryan definitely has a conservative focus in terms of controlling spending. canas an outlook that we control spending going forward. he focuses correctly on those issues. he isk that yes, dedicated to his position. as is chairman murray. i think that they look to him as one of the budget e
bernanke pledged to keep pitching money into the economy until there is solid evidence the jobs market is turning around. two economic reports could move the market today. the federal reserve will release the industrial production numbers for september. it was delayed a few weeks because of the government shutdown. the national association of realtors releases its pending home sales tax index for september. ahead of all that today, stock futures this morning are higher, traders are looking to continue last week's major streak. thanks to all earnings, all three indexes are close to record highs. the dow is near 15,600, 1% from an all time high. the s&p opening about 1760. the nasdaq is 39,043. traders overseas are waiting until u.s. data comes out. asian markets are starting strong after wall street made so much money last week. nikki gained 2%. shanghai is up a fraction. >> the biggest name on the earnings list today is apple. apple's going to let us know how much money it made this quarter after markets closed. it was showing off the ipad air, but it's the iphone bringing in most of t
% of americans in our poll last week who said they think the economy is poor and all of the gains in the market. >> about half of americans are not invested in the stock market, they feel it 100% through the jobs. that's what the disconnect is all about. for investors, for workers who have a 401(k) in their, at their company, wow. what a great year it's been. today you have a pullback from the records last week but i want to show you, poppy, how far we have come this year. these year-to-date numbers are really, really good. the dow is up 19% this year, the nasdaq up 31%. the s&p 500, now that is the average most likely to reflect the stock portion of your 401(k), up 2%. last week we had a terrific week for some tech stocks, many of these that i'm about to show you are household names, they are widely held stocks, we'll hear more from the tech companies this week, apple reports earnings after the bell. look at amazon, google up a fraction. look at the price of the shares, above $1,000 a share. microsoft up about 2%. it was a terrific week for stocks. no surprise for me this morning you have a pu
the economy, this amazing level of debt and deficit. max and penny kept our bookstore but as time passed, i stted to notice max just wasn't himself.e and i knew he'd feel better if heost a little weight. so i switched to purina cat ow healthy weight formula. i just fed the recommended amount... and they both loved the taste. after a few months max's "speal powers" returned... and i got my hero back. purina cat chow healthy weight. still running in the morning? yeah. getting your vegetables every day? when i can. [ bop ] [ male announcer ] could've had a v8. two full servings of vegetables for only 50 delicious calories. [ alarm sound for malfunctioning printer ] [ male announcer ] you've reached the age where you've learned a thing or two. [ metal clanks ] ♪ this is the age of knowing what you're made of. so why let erectile dysfunction get in your way? [ gears whirring ] talk to your doctor about viagra. 20 million men already have. ask your doctor if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressur
and he was faced with the worst bush economy, the republicans vowed to oppose everything that he did. for two years, they were very busy voting to repeal obamacare 40 times. how many times did republicans vote for the american jobs bill? no. "we cannot leave this debt to our children and grandchildren." host: a question citing jobs as an issue. guest: jobs is always what everybody says they are doing. it is particularly amusing in the house. they say their number one issue is jobs. there are nicely designed pamphlets and flyers they hold up in press conferences. you could talk about the jobs created by this congress and it is not good. it is not their priority. there is a real disconnect. many polls show the americans want jobs. there has been so much fighting and so much ideological fighting over obamacare. we have had 42, 43 house votes now to repeal it, gut it, defund it. the process to create jobs has taken a side stage for now. host: the president has asked congress to pass the jobs bill several times. guest: a few weeks ago i was talking to senator lindsey graham, and he sort o
's a big gutsy call, especially in this economy. >> thank you for saying mid 30s. >> you know what i mean. to make that call and go i'm gog to chase my happiness instead of safety is a big deal. >> i think people will relate to that. i love that this year we just seem to be out and about more. the writers say see what you do. mike and carl, you see them on the job. you see them actually doing police work. it's just really fun. i didn't realize until i saw it that i haven't seen you in action. >> no. >> we're tight on time. thank s so much. we can't wait to see this season. best of luck with the season and we will all be watching. >> thank you. >> thank you. >> don't miss the season premier of mike and molly at 9:00 right here on wjz. >>> be sure to check back in with wjz eyewitness at 4:00, 5:00 and 6:00. the latest on the man who opened fire on tsa agents. hear from someone who knows him. >> a missing student mystery. after two days he's found wedgeo buildings in new york. join us for these stories and all the breaking news at 4:00, right after dr. phil. >>> please stay with us, you
. maybe the economy has something to do with that. i think i'll go home now and watch the pit and the pendulum or the original halloween with jamie lee curtis. >> estimated that 158 million americans celebrated halloween this year. >> i'll see if the children didn't eat any candy. >>> bikini baristas. why some women are in trouble with the law. >>> a teenager found dead inside a gym mat. was it an accident or murder? the new evidence in the case. >>> and will the washington redskins change their name? the latest on the growing controversy as both sides meet. >>> a warm, wet, and windy start to friday. i'll have the complete forecast coming up next. and then when you get up -- can i play? no! you don't even get football. [ male announcer ] when you've got 100% fiber optic fios, you get it. america's fastest, most reliable internet. it's the ultimate for downloading, streaming, and chatting. you have that guy all over the football field. thanks, joe! if the running backs don't start picking up the blitz, the quarterback is going to have a long night. is that your sister? look, a
watch update. >>> the federal reserve says the economy is growing only moderately. and still needs support from the fed stimulus program. after a two-day meeting, the fed said it will keep buying $85 million a month in bonds to keep interest rates low and give a boost to the economy. analysts predict weak government shutdown will keep the fed from tapering its stimulus, at least until march. >>> washington's budget battle. a new survey finds private sector employers added just 138,000 jobs. and general motors is reporting a 15% jump thanks to sales in north america, south america and china. analysts say gm may be close to paying a shareholder dividend. and social security recipients are getting a 1 1/2% raise next year. it amounts to about $19 more a month on average. and is the smallest gain in social security payments in nearly 40 years. >>> bad weather in france and argentina pushed wine production down 5% last year. the industry currently has an undersupply of nearly 300 million cases of wine a year. and experts say that is not enough to keep up with demand. that's your money w
and diversify the economy? >> in northern virginia, peggy fox, wusa9. >> and turn out is expected to be light. so all the more reason both sides are pushing to get out their base. open tomorrow from 6:00 a.m. to 7:00 p.m. >> for the first time in 24 years, voters will have a choice in the college park mayor's race. the current mayor is being opposed by robert. he's a middle schoolteacher at george washington university. and mayor fellows house improvements along the route 1 corridor. if elected, he'll work to soften the hostility toward university of maryland students. >>> and other cities in maryland also will hold municipal elections on tuesday and among those, takoma park, which is making voting history. it is the only place in america where it is legal for teens as young as 16 to cast a municipal ballot thanks to city council approval back in may. and scott broom is in the montgomery county maryland suburb with what they expect tomorrow. >> well despite this rather unorthodox expansion of the franchise to vote for high school sophomores and juniors. turnout tomorrow is expected to be lo
interest rates at near record lows. the bad news is the reason why. the reason is the u.s. economy is still growing just fast enough and just slow enough that it still needs the help out there. the fed says budget battles on capitol hill are restraining growth. it plans to continue the stimulus until the job market improves, quote, substantially. >>> there is some other good economic news to report. the term deficit is at its lowest level since 2008. the treasury says $680 billion, the deficit is less than half of what it was in 2009 when it hit a record high of $1.4 trillion. the combination of the forced budget cuts, the came tester with tax -- the sequester with tax increases on high income households are the factors that led to the rucks. >>> if you're a veteran looking for a job, you may want to check out usajobs.gov, they have been hiring. veterans make up 29% of the new federal workers. that is the highest percentage of military veterans in more than two decades. the defense department led the way with about 46% of new hires being vet ramps. >>> parlay view fran say? if you're fluent
military our economy. the things we can pull out of their in that aspect. you have to think about what gaps are there that people no. it helps her descendents against other countries. just because countries like doesn'tare our friends mean you don't want to collect as much as possible. carson, california, democrats line. caller: i don't think we should rethink our technology and friends. them, our as president reagan said, trust and verify. what you think is a benefit of looking in on allies? caller: because people change all the time. political seasons change, too. -- wast know which way her friend today may not be her friend tomorrow. have anything to be concerned about, i don't think they should be concerned about us buying because i'm sure they have spies on us, to. "the washington post." has a graphic in the paper. here is valid from minneapolis, minnesota, independent line. i think it is an issue of trust, but i also think that the spying is about fear and the fear that we have with one another. with countries and individuals. it is everywhere. we talk about spying and a lot of peopl
economy. we pay the ultimate price for everything. , he is no guarantee guaranteeing against president obama that we will have health care and we will retain our health care. aveat not giving the cop that the prices will go up. that is what people are seeing. there's no way to budget your own life. corporations are able to budget. that is presenting fear to us who do have a business supporting our health care cost. where is our confidence to know that we can even afford something as important as health care? i would like to hear the president explain again that there will not be a crisis in health care. virginia.ksburg, independent mind. about ai'm calling story that was largely overlooked here in america, but covered in the guardian. that is that congressman alan grayson convened a hearing. our government could hear from the people who were killed by drones. they're dropped with our money and in our name. case, they heard from a family of a 57-year-old woman who was out looking -- out picking okra. a terrorist. she was killed by an american drone. the international released a story th
, and frankly, what i think has to concern everybody, this economy is stalled and people don't know what the future is going to bring. and when people are uncertain about the future, they sit on their wallets, and that's why we're not seeing the kind of economic growth that we need to see that's so vital to create new jobs here in the state of ohio. >> that's the argument against obama care, but obama care is here. i'm asking specifically about the damage done by a troubled rollout that you're seeing in your state. >> well, that's got everybody just shaking their heads. and that's like three things. the government almost shut down. now they're tapping somebody's phone and now this thing. this is creating an issue of confidence in the minds of the american people and doubt with people around the world, which is really serious. now, here's what i think, david, at the end of the day. i think people need to sit down. the obama administration needs to open itself up and figure out how we can get some sort of bipartisan movement moving forward. we sit in a room, we figure out what's good, what
to and during harm, costing our economy 24 billion dollars, tens of thousands of jobs, a germanic drop in consumer confidence. now, having still failed to derail the aca, the republican thes of attack has shifted new front relates to healthcare.gov. they're very clearly are challenges to implementing new pioneering access to health care . consider these headlines. for example, problems plagued rollup. plagued by delays and confusion over coverage. headlines are from 2005. as medicare part d was launched. that year, in dramatic contrast to the republican conduct to date, democrats who would oppose the law worked to make -- to make it a success. working with republicans on a bipartisan basis. republicans who had passed that law to adjust many problems and, most importantly, we worked with our constituents to make sure they can sign up. the reality is the affordable care act, which republicans are failing to work on with democrats, is working quite effectively in states running the marketplaces. you can see from that slide. in kentucky, more than 26,000 people have enrolled in coverage. i
and universities. 6000 different colleges and universities of many different -- we honor the economy of each institution. they operate in a marketplace where students have a chance to choose them. they compete for students and scholars. that environment ought to produce the -- dr. produce the largest amount of innovation. ought to produce the largest amount of innovation. that does not always work. i learned most new businesses do not succeed. not work.deas do for example, in the 1980's, when i was governor, we were worried inut the number of students colleges and universities who were not prepared for that. we thought that was wrong. we set the way to deal with that was to say you can come to the college, but you will not get credit. -- you will not get credit for the course if you were not prepared for college. it turns out, 20 years later, that probably isn't the right thing to do. what we will hear from mr. hall -- our state is abandoning that approach and admitting more people and working harder to move them through the system faster. that seems to be working better. what seems to be a
.cnbc.com. ♪ ♪ [ male announcer ] more room in economy plus. more comfort, more of what you need. ♪ that's... built around you friendly. ♪ >>> it is time -- >>> it is time -- it is time for the "lightning round" on cramer's "mad money." you say the name of the stock, i say whether to buy or sell. are you ready, ske-daddy. time for the "lightning round" on cramer's "mad money." collin in maryland, collin? >> caller: boo-yah, jim. i wanted to give a shout out to my finance teacher mr. marks. >> i think he rocksment. >> caller: i want your opinion on wolverine worldwide. >> this remains other than nike the best shoe story out there. i like it very much. let's go to leonard in florida. leonard? >> caller: hey, jim, boo-yah from florida. >> nice. >> caller: hey, jim, i'm looking for dividend-paying stocks that are used for income now. do you think bp is safe to buy? >> yes, i do, i think it's at the best quarter, there's going to be dividend boost coming now they've been able to rein in those -- questionable claims. questionable. let's go to kathy in massachusetts. kathy? >> caller: jim, hi. >> hi. >>
after the federal reserve said the economy still needs help from its stimulus program. later today we're going to see just how soft the economy is when new economic and earnings reports are released. checking the numbers the dow dropped 61 points in trade yesterday. the s&p 500 fell eight points and the nasdaq lost 21. >>> facebook reported earnings after the bell that wall street -- that beat wall street expectations. revenue was up 60% on strong mobile ad sales. the stocks spiked in after hours trading and then headed lower. that's because facebook's finance chief says younger teenagers are using the site a little bit less nowadays. >>> you are about to get dumped and you have no idea but facebook does. a new study by cornel university and facebook suggest the social network can predict how healthy your relationship is. in simple terms the study suggests people in the healthiest relationships have their own lives and they have their own separate group of friends. people who don't, trouble in that relationship. they can predict within two months when they're going to break up. kind o
will not only help the environment but it will also help public health and strengthen our economy. this is a small but significant step to act on climate change. these leaders have taken these important steps because they know the consequences of inaction. they recognize that the effects of climate change cross borders freely. republicans and democrats should follow this good example of action and our leadership should move forward to combat climate change. i, too, want to give my sympathy and my prayers at the loss of a great leader, chairman ike skelton, and i know on behalf of my predecessor, my former boss, my colleague, congressman skelton was a personal friend and i know that he would want me to say today that he misses him, ay his soul rest in peace. the speaker pro tempore: under the speaker's announced policy of january 3, 2013, the gentleman from virginia, mr. wolf, is recognized for 60 minutes as the designee of the majority leader. mr. wolf: thank you, mr. speaker. mr. speaker, last week new national poll was released by respective pollster patrick cadell, a republican
: the money goes toward the reconstruction of homes, businesses and their economy. >> it was devastating. the entire town was flooded and when i say the entire town, i mean the entire town, everything was flooded. >> reporter: in coffins floated out of graves, the town dock swept away. >> that's where our bay commerce comes through every day. >> reporter: now, they're still rebuilding. >> we know the ocean city pier has taken quite a beating as well. >> reporter: still plenty of work to be done. more than 200 maryland moments are still in need of repair. >> if we could get the help we need to start rebuilding. >> reporter: with the latest, the senator received a total of $47 million in federal aid. in feels point, i'm -- fells point, i'm jessica kartalija, wjz eyewitness news. >>> 70 families are still on a waiting list to have their homes rebuilt by a faith-based relief group. >>> three men behind bars charged with a murder at a hotel. a suspect held up a pregnant hotel clerk and demanded money in oxen hill. the restaurant owner, jesse chavez, was then confronted the suspected and was s
to boost the economy. >> a lot of enthusiasm about pushing back on obamacare i don't we are going to celebrate dysfunction and dependence and high taxes. >> i almost wish the election would go off another week because the folks are finally seeing the destructive nature. >> it is affecting an enormous number of people negatively. >> reporter: as a woman, i need a candidate that i trust. i trust ken his record was very good, he prosecuted predators i can't mcauliff still leading a very tight race. andrea you mentioned those attack ads, election watchers say mcauliff has a whole lot of money to spend on those attack ads. he is spending ten times more than cup has so far. more from the democrats coming up at 6:00. >> so new, more attack ads in the next 24 hours delia? we should expect that? >> probably a whole lot more. >>> in addition to the state wide races, virginia voters will also be electing delegates to the state house. there are also local contests in maryland tomorrow, including the first contested mayoral race in college park in 24 years. you can go to our website wusa.com a
at the start, not to liberate slaves but it's to inflict as much damage on the american economy as possible and to punish virginia, which was perceived to be quite correctly to be the political heart of the united states, the home of president madison, secretary of state monroe, and considered to be a hotbed of support for the war. so the british want to ravage the shores of virginia, and they're perfectly willing to include maryland as collateral damage. and then they discover as these 600 enslaved people seek freedom by going to the warships that they need the help of these escaped slaves, that they cannot achieve their purpose without them. they do not know the lay of the land. they are very nervous in 1813 about going onshore for fear of ambush. and it's only once they get experts on the landscape that they become aggressive about going deep into the interior. and they had to go deep into the interior once they are receiving hundreds of refugees because they, along with the sailors and marines on these ships, have to be fed. much of the food comes from raiding farms and plantations, and
about this. the affordable care act is affecting the economy because it is raising insurance costs for small firms. and none in a position to invest our raise wages, do the kinds of things that one would hope will happen after recession. as is constrained the kind of growth you expect of your clients? >> of course. for a business owner is all about cash. the less cash on hand the less you can invest, not only in people, but also assets. remember, for a small-business owner to invest in property, they employ people. we will continue see that. we have been complaining about health insurance for years. this is nothing new. gerri: big complainers. >> we will complain about everything. gerri: thank you for coming on. appreciate it. >> thanks. gerri: coming up, how do you do that? how to save money if you still have not bought your thanksgiving slice. next, more of archer -- coverage of the obamacare mess with the doctor is as the website is so screwed up it is listing him as a participating position when he is not. you will want to hear this. ♪ >> chaos, president obama went to boston
economy. >> the social security administration also says about 10 million americans will pay higher taxes next year. in new york, laura engel, fox news. >>> it's a mystery that's had many buzzing, what's going on with the barges in san francisco? now the mystery is solved. what this barge has to do with the popular search engine google. google. stay with us. [ male announcer ] nyquil cold and flu liquid gels don't unstuff your nose. they don't? alka seltzer plus night fights your worst cold symptoms, plus has a decongestant. [ inhales deeply ] oh. what a relief it is. i got this. [thinking] is it that time? the son picks up the check? [thinking] i'm still working. he's retired. i hope he's saving. i hope he saved enough. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. whether you're just starting your 401(k) or you are ready for retirement, we'll help you get there. >>> well, this is one of those inspiring stories that shows us the best of america. a janitor and a cook in california are being hailed as heroes afte
goes toward the reconstruction of homes, businesses and their economy. >> it was devastating. the entire town was flooded. and when i say the entire town, i mean, the entire town. everything was flooded. >> reporter: in chrisfield, coffins floated out of graves. residents were rushed to shelter, the town docks swept away. >> that's where our commerce, our baked commerce comes through every day. >> now they're still rebuilding. >> we know the ocean city pier is taking a beating as well. >> reporter: still plenty of work to be done. more than 200 maryland homes are still in need of repair. >> try to get the help we need to start rebuilding. >> reporter: now, with the latest aid that was just received, senator mikulski's office has received a total $74 million in aid since last year. joining me mere, -- here, meteorologist chelsea ingram. they certainly have a lot to rebuild. but better than it was this time last year. >> first i want to take to you first warning radar, during super storm sandy. this extremely powerful storm. it arrived actually, ahead of schedule. and picked up
, this is brazil the hottest economy in the world next to china and batista is a symbol of it but it proves to be a lot of thin air. >> reporter: much of the oil turned out to be unrecoverable, too difficult or expensive to pull out of the ground. some fields had to be abandoned. then as batista ee cash was running out, the brazilian economy began to get cool. >> that's what his fortuned were tied to. >> reporter: only last year batista ranked eighth on bloomberg's index of world billionaires. he's now fallen off the list. what does he have left at this point? >> well thing he has a lot of debts left to creditors. stay tuned. but there doesn't look like there's going a happy ending to this story. >> when it filed for bankruptcy wednesday it listed $5 billion in debts. >> it's an amazing story. i went to brazil and some of my friends knew him. he invited us to visit with him. he has a mercedes in his living room. >> half a million dollars. >> and you walk outside and there's a cross. it's a spectacular view of brazil. he has fallen a very long distance. >> is it be
this affect the economy. if you suddenly have to come up with $200, $200, $400 a month or more, what do you do? you economize. you have less could you rely on older equipment longer. you reluctantly raise prices, knowing it will cost to customers, cut back on hours for employees, and most importantly, you stop hiring. guest: he doesn't know what he's talking about. let me say this about heritage. 10 years ago now, greta, when the congress passed the prescription drug bill, i voted no. most democrats voted no. we felt there were too many cap senat -- too many gaps in it. we felt the federal government should have a place of the table when negotiating drug prices. i still feel that. passedout after it was and went to town meetings and went to senior groups i said this. i have a responsibility to educate you to the best of my ability, even though i voted against this bill. i want you to know about it so that you can make reasonable decisions about your drug purchases. i didn't say let me find a way to undermine this. let me go to senior groups and tell them don't believe this stuff, don't even pa
. >> reporter: the money goes toward the reconstruction of homes, businesses and their economy. >> it was devastating. the entire town was flooded. and when i say the entire town, i mean, the entire town. everything was flooded. >> reporter: in chrisfield, coffins floated out of graves. residents were rushed to shelters. the town dock, swept away. >> that's where our commerce, our commerce comes through every day. >> reporter: now, they're still rebuilding. >> reporter: we know the ocean city pier is taking a beating as well. >> reporter: still plenty of work to be done. more than 200 maryland homes are still in need of repair. >> try to get the help we need to start rebuilding. >> reporter: and with this additional aid, senator mikulski's offices, received over $74 million in total, to help maryland rebuild. joining me now, meteorologist chelsea ingram. chelsea, that storm really packed a punch. >> i certainly do think that's a low, everyone. first, let's take a look at the actual storm itself. we have the radar and video from the storm. you can see how powerful it was. taking
medicare. both candidates agrow however they want to create jobs and grow the economy. >> my tax cut plan which will grow 58,000 new jobs and reduce the personal income tax the 5%. and the business income tax to 4%. >> my opponent proposes $1.4 billion tax cut and resoundly criticized. it will come right out of education. early childhood development, reform in the sols. teacher pay. investing in community colleges. financial aid at higher ed. i think that's the prudent way to do budgeting. >> i like those too. i like education. i like puppies. but i don't bring a puppy home. i don't bring a puppy home if i don't have a plan for how i'm going to deal with that puppy. or guess what my house is going to look like. and he's all puppy and no plan. >> reporter: so how are voters feeling four days out? we talked to some of them coming up in the next half hour. andrea and mike back to you. >>> thank you. >> the woman accused of vandalizing the washington national cathedral and possibly the lincoln memorial with paint is mentally incompetent to stand trial. a judge issued that ruling based on a ps
women to make reproductive healthcare decisions. he'll focus on jobs and the economy. that's why i'm supporting terry mcauliffe. "i'm terry mcauliffe, candidate for governor, and i sponsored this ad." >>> members of the howard county fire and rescue service are headed across the atlantic to liberia trying to help firefighter rebuild their fire departments there. liberia is emerging from years of devastating civil war. the volunteers from howard county traveled there last year to get a handle on the sort of help they need. >> this year we're following up on a promise. last year we told them we'd be back. we're going to come back with a lot of others to help and we'll bring some equipment. >> like it when you're a man of your word. the photos of the trip, here are a few from last year. this time the howard county group will provide the liberian firefighters with a used fire engine and ambulance, a lot of used but still useful gear. they're working in conjunction with other fire departments from across the country. >>> we are on top of some breaking news tonight as los angeles interna
of this body, members on the other side of the aisle closed down this government and threaten the economy for the united states, costing us more than $24 billion. just remind me of another period in our history. not so long ago during the 50s, many southern senators signed a southern manifesto after the supreme court decision of 1954. those senators along with many southern governors subscribe to the doctrine or interposition and notification, and some even massive resistance. that's what we saw on the part of the republican members of the house and some of the republicans in the senate. the affordable care act is working. it is helping to make health care affordable and accessible to a hundred thousand million of our citizens. when i was growing up we couldn't afford to see a doctor. poor people in alabama, georgia, in kentucky, in arkansas and all across the deep south couldn't see a doctor. we must do what is right, what is fair and what is just. madam administrator, i have a chart here this morning and i want you to walk us through this chart and i want to use my remaining time for yo
the health care cost curve and reducing the fraction of our national economy that bows to health care? >> well, i think that we have already had some success. i think that the goal is to continue to achieve that fully insured population arguably with preventative care with an opportunity to see a primary care doctor and not go through the emergency room will in and of itself reduce costs. having people identified earlier who may have serious problems in managing those problems will reduce health costs but i think the delivery system also needs some considerable help in paying for not, a number of procedures, number of tests, number of prescriptions but paying for health outcomes. >> thank you, mr. chairman. >> mr. latta. >> well, thank you very much, mr. chairman and madam secretary, thanks very much for being with us today. i appreciate your testimony so far today. what i would like to do, i will get these few, so many questions, that we have received from our constituents back home, specifically about what is going on with the website and for them. and so what i will do i like to ge
at him contributes to the strength of him him we know that we know and you the massachusetts economy. it is a powerful statement of who we are as a commonwealth. and by every - [applause] >> by every reasonable measure, it has been a success for us we here in the commonwealth of massachusetts. you [cheers and applause] then you >> how do we know? and help >> how do we know? how do we know? him him virtually every resident in wall all on the holes in your old old as he is overall you in as the commonwealth is insured though and only about today. more private companies -- move youmore private companies -- move private companies offer insurance to their employees anything than ever before. collectively are over 90% of our premium residents have a primary are finally using a care physician. reinvigorated re-freezing over the physician. edge of preventive care is up a few years ago preventive care is up increases every and health hims than who you disparities at are down. most important of all i resident and a little more most important of all on we are healthier both physically and menta
of our economy. >>> it's no illusion mirrors are bringing light to a dark corner of norway. we'll visit a town that's waking up to a new dawn. >>> and neighbors say a hot sauce factory is bringing them nothing but pain. only on "cbs this morning," an inside look at the home of sriracha. but first this morning's "eye opener" at 8:00. >>> secretary sebelius was asked to testify last week but she didn't have time and the questions have only piled up. >> a new high for the dow. what's driving it. >> oh, my goodness. it's corporate america in great shape. >> media reports that china's falling apart near tiananmen square. an act of terrorism. >> reporter: the cardinals have to win tonight or they'll go home. last night it wasn't clear if they'd make it out of st. louis. >>> a marine veteran dies saving his schoolchildren. >>> an american soldier reunites with an afghan soldier who saved his life. >> reporter: did you ever think this was not going to happen? did you ever give up hope? >> i had a brother here fighting for me. >> i hope it's tock be a red sox fan an
's economy took a pounding. >> this is our lives. this is how we feed our families, this is how we support ourselves. >> reporter: mike carbone had to completely rebuild the first and second floors of his restaurant after the storm. almost a year later, tragedy struck again. fast-moving flames destroyed nearly 70 businesses along the boardwalk in september. authorities blamed the fire on electrical wiring damaged by sandy. >> totally on the road to recovery, and after this fire i think we took one step forward and about three steps backwards. >> reporter: in the days after the storm, new jersey governor chris christie promised a full recovery. >> we're going to work together to rebuild our state in a way that's going to make us even prouder already about where we live. >> reporter: before and after photos show however new jersey has come. roads broken up by storm surge are now patched up. neighborhoods reduced to rubble are in the midst of rebuilding. the reaction to christie's response has been mixed. a recent poll found to mention surveyed 61% were somewhat or very
sales figures for september suggests americans were feeling some confidence in the economy ahead of the government shutdown. taking a live look at the big board, the dow was up 48. the nasdaq is down slightly and the s&p is up 4. >>> time is 7:42. japanese automakers continue to top consumer reports lists of the most reliable cars. lexus rates first with toyota and acura coming in second and third and all lexus and acura vehicles rated above average. but toyota's camera and rv 4 -- rav4 were rated as far. japanese cars are not as dominant as they used to be. audi grabbed fourth place and the top domestic brand is gmc at 9th. >>> the latest smartphone sales are in. and samsung dominates the market. they report shipping a record 88.4 million phones in the third quarter. one of every three smart phones sold around the world is from the south korean company. the market share slipped to 13.4% of the worldwide total. >>> and today walmart's launching what it calls its instant promotions campaign. top executives will be sent to 15 stores around the country today where they will promote
the economy. it is a research bill because this bill will provide resources to universities to come up with new innovations. because of our research initiatives, i think 364 patent applications have occurred just from usda sponsored grants. it is a conservation bill and the ability to protect their soil and water. it is a trade bill because this creates the sources by which we can promote agricultural trade. part of what is lost in the discussion in this town is the scope of this bill. we focus so merrily on the commodity title and the snap in to the nutrition title that we fail to recognize everything in between. that is why i am encouraging congress to get this done. yes there are consequences. the benefits are huge. frankly, if we want to talk about infrastructure and jobs and renewable energy, if we want to talk about trade, it is in this bill. if people recognize that i think the bill will encourage their members of congress to get this done and get it done quickly. nemechek to ask you why this is so important and has such a widespread effect and it ministration seems to be standi
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